Apple reports $565M profit on revenues of $5.75B
Apple today announced financial results for its fiscal 2006 first quarter ended December 31, 2005, reporting the highest revenue and earnings in the Company's history.
Apple shipped 1,254,000 Macintosh computers and 14,043,000 iPods during the quarter, representing 20 percent growth in Macs and 207 percent growth in iPods over the year-ago quarter.
"We are thrilled to report the best quarter in Apple's history," said Steve Jobs, Apple's CEO. "Two highlights of an incredible quarter were selling 14 million iPods and getting ready to launch our new Macs with Intel processors five to six months ahead of expectations. We are working on more wonderful products for 2006, and I can't wait to see what our customers think of them."
"We're very pleased to report year-over-year revenue growth of 65 percent and net income that was nearly twice the year-ago level," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the second quarter of fiscal 2006, we expect revenue of about $4.3 billion. We expect GAAP earnings per diluted share of about $.38, including an estimated $.04 per share expense impact from non-cash stock-based compensation, translating to non-GAAP EPS of about $.42."
Apple will provide live streaming of its Q1 2006 financial results conference call utilizing QuickTime, Apple's standards-based technology for live and on-demand audio and video streaming. The live webcast will begin at 2:00 p.m. PST on Wednesday January 18, 2006 at this link and will also be available for replay.
AppleInsider will provide its usual coverage.
26 Comments
The revenue was good. It really did have to come above the $5.7 billion he said earlier, rather than 5.697, or some such thing.
Earnings was a bit lower than I had hoped. I was looking for a bit closer to $600 million. But, still very good. Just not at the whisper number. The lower gross margin from so many iPod sales was responsible for that.
I'm just surprised at the figure given for this quarter - $4.3 billion. I was expecting around $4.75 billion.
I imagine that they are expecting lower PPC sales, and that the x86 sales aren't expected to fully compensate. Lower estimates for iPod sales should come out as well.
But, we've been surprised before. Apple has been conservative with their estimates.
ouch - down over 8% after hours so far.
So buckle up!
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http://forums.appleinsider.com/showt...threadid=60301
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now only 4% off - rollercoaster indeed. It'll probably be up by tomorrow